Winning Stock Plays

US stocks climbed Wednesday to snap a losing streak as investors digested the first batch of earnings. St. Louis Fed President James Bullard said the central bank is going to have curb economic activity to combat soaring inflation. President Putin told top officials that Russia will seek new buyers for its energy exports.  Loading Something… Continue reading Dow jumps 344 points as investors digest wave of corporate earnings

Selling pressure in US stocks could ease after tax day passes on April 18, according to Fundstrat.Some investors face big tax bills after a strong 2021 in the stock market and are selling stocks to raise funds.”Our work shows that raising funds for ‘capital gains’ is worse in years when S&P 500 gains were strong,”… Continue reading Selling pressure in the stock market could ease next week as investors finish paying their taxes on big 2021 gains, Fundstrat says

St. Louis Fed President James Bullard told the Financial Times raising interest rates to a neutral level won’t be enough to curb high inflation.  Bullard said the Fed needs to go well beyond a neutral rate, which is estimated at around 2.4%.  Bullard in March voted for a rate hike of 50 basis points while… Continue reading The Fed is going to have to curb economic activity to bring down soaring inflation, Fed’s James Bullard says

President Putin told Russian officials that the country will seek new markets for its oil and gas.  Some customers have stopped or slowed energy imports from Russia since the Ukraine war began. Since invading Ukraine, Russia has redirected much of its oil exports to Asia. Loading Something is loading. Russia is on the lookout for… Continue reading Russia will hunt for new oil and gas buyers as some markets self-sanction, Putin says

China rolled out its digital yuan to its 15th city this month, while the US has only just started to explore a digital dollar.  But some experts say that the dollar’s global dominance means the spread of a digital yuan won’t give China a leg up.  Experts broke down why the world’s two biggest economies… Continue reading While the US explores digital currencies, China’s eYuan is already in 15 cities. But experts say Beijing and Washington aren’t actually competing in the same race.